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					You started the year with a beginning balance in Rent Payable of $1,000.
You paid 14 months rent of $14,000. Record the journal entry.

         Prepaid Rent                       1,000
         Rent Payable                       1,000
         Rent Expense                      12,000
                   Cash                                14,000
         To record rent




You started the year with a beginning balance in Prepaid Rent of $4,000.
You paid 9 months of rent of $18,000. Record the journal entry.


         Rent Expense                      24,000
                   Cash                                18,000
                   Prepaid Rent                         4,000
                   Rent Payable                         2,000
         To record rent




You started the year with $5,000 in Wages Payable. You paid $50,000 to your worker.
You owed her $10,000 at the end of the year. Record the journal entries.

         Wage Expense                      45,000
         Wages Payable                      5,000
                   Cash                                50,000
         To record wages

         Wage Expense                      10,000
                   Wages Payable                       10,000
         To record wages

You started the year with $750 in Prepaid Insurance. policy.
This was four months of inusrance on a policy that expires this year.
On May 1, you purchased a two year policy for $4,800.
Record the journal entries.

         Insurance Expense                     750
                   Prepaid Insurance                       750
         To record insurance.
Inusrance Expense   1,600
Prepaid Insurance   3,200
          Cash              4,800
You started the year with a beginning balance in Rent Payable of $1,000.
You paid 14 months rent of $14,000. Record the journal entry.


         Prepaid Rent                     1,000
         Rent Payable                     1,000
         Rent Expense                    12,000
                   Cash                            14,000
         To record rent




You started the year with a beginning balance in Prepaid Rent of $4,000.
You paid 9 months of rent of $18,000. Record the journal entry.


         Rent Expense                    24,000
                   Cash                            18,000
                   Prepaid Rent                     4,000
                   Rent Payable                     2,000
         To recod rent




You started the year with $5,000 in Wages Payable. You paid $50,000 to your worker.
You owed her $ 10,000 at the end of the year. Record the journal entries.
Wages Payable              5,000
Wages Expense             45,000
          Cash                     50,000
To record wages

Wage Expense              10,000
          Wages Payable            10,000
To record wages
You started the year with $ 750 in Prepaid Insurance. This was four months of insurance
on a policy that expires this year. On May 1, you purchased a two year policy for $4,800.
Record the journal entries.

         Insurance Expense                750
                   Prepaid Insurance                750
         Record insurance expense


         Prepaid Insurance              3,200
         Insurance Expense              1,600
                   Cash                           4,800

				
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